DaVita Anchored - Shaw's Cove Five 5 Shaws Cv

Marcus & Millichap is pleased to present the DaVita Dialysis Anchored - Shaw’s Cove Five, a signature Medical and Professional Services property, located at 5 Shaw’s Cove, New London, Connecticut. The asset is a premier property in the Shaw’s Cove Master Planned office park, in downtown New London overlooking the marina and the Thames River. It is a 37,475 SF, 85% occupied multitenant office property built in 1987 with a unique, high-quality primarily medical tenant mix. The major tenant, DaVita, occupies over a third of the building and has an investment grade credit rating of BBB- (S&P). The remainder of the building is occupied by medical tenants and other professional service offices including Government Agencies. The majority of tenants have occupied the building through multiple renewal options.
Shaw's Cove Five rests on approximately 1.33 acres and is positioned within less than a mile south of the I-95 intersection (57,400+ VPD) the major interstate connecting New York and Boston. There has been continued growth in the immediate area including hundreds of new Class A multi-family properties and other retail amenities. The local and immediate economy is driven by Electric Boat building the nuclear submarines for the Navy, and also chemical research with Pfizer's large research and development campus.